Cathie Wood, founder of ARK Invest, has highlighted the significant political role of cryptocurrencies, suggesting they contributed to Donald Trump's presidential victory and remain influential ahead of the upcoming midterm elections. Wood revealed that the U.S. Bitcoin strategic reserve, primarily sourced from judicial seizures, aims to hold one million Bitcoins. This reserve, established by executive order and managed by the Treasury Department, is considered a national strategic asset akin to gold reserves.
Cathie Wood Highlights Crypto's Political Impact and U.S. Bitcoin Reserve Plans
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